Category Archives: Business & Economy

Low quality Omani Frankincense just as good as high quality variety : Study

Muscat : 

People generally go by sellers’ claims on the quality of Omani frankincense. However, a Sultan Qaboos University study has found that there is nothing such as ‘high quality’ or ‘low quality’ frankincense – all varieties are equally good and have the same antibacterial properties.

Commonly known as frankincense worldwide and luban in Jebeli and Dhofari Arabic, the resin is an extract of the Boswellia Sacra tree and has various medicinal and aromatherapy applications.

Omani frankincense is commercially available in four grades under the names hoojri, najdi, shathari and shaabi, based on four geographic locations in Dhofar from where the resins are harvested.

“Our study has found that hoojri – the first grade luban – and shaabi – the fourth grade luban – which greatly differed in price, closely resembled each other in essential oil composition, yield and physiochemical characteristics, except colour and texture,” said Dr Hisham Abdul Khader, associate professor of chemistry in the College of Sciences at Sultan Qaboos University.

The market price of the four grades varies considerably according to their colour, clump size and texture. Resin value is determined not only by fragrance but also by colour and clump size, with lighter colours and larger clumps being priced higher.

Hoojri, a first grade resin, which has the lightest colour and a large clump size, is collected from trees in the north of the Samhan mountains in Dhofar, and costs RO32 per kg. Najdi, a second grade resin with a pale yellow colour, is collected from a plateau behind the Dhofar mountains and costs around RO26 per kg.

Shathari, a third grade resin which is darker in colour and collected from the northwest of Dhofar, costs RO12 per kg while shaabi, a fourth grade luban of a darker colour that is collected from valleys, costs RO6 per kg.

Khader said, “As per our study, hoojri, the first grade luban, had the highest oil content of 8.5 per cent whereas the yield of the second and third grade samples – najdi and shathari – were 5.5 and five per cent respectively.

“The oil yield of the fourth grade shaabi was seven per cent, which was higher than that of the second and third grade and closer to that of the first grade, thereby indicating an inconsistency between the oil yield and grade.”

Titled ‘Composition and antibacterial activity of the essential oils of four commercial grades of Omani luban, the oleo gum resin of Boswellia Sacra flueck’, the study also tested frankincense oil for effectiveness of its anti-bacterial properties.

“All four grades were tested for their anti-bacterial properties and showed pronounced activity against a panel of bacteria. The oil killed all the bacteria irrespective of the grade it belonged to, in varying extent. The antibacterial activity of the oils suggests their potential use in food preservation,” Khader said.

“If you go to Salalah, you will notice that the prices are different. The best variety is sold for around RO36 while the lowest grade is sold for RO6. So this study is an eye opener. It will be of use to industries who have so far gone in for the high quality luban. They can now get the same benefits from a less expensive and low quality luban.”

Salim al Saidi, K B Ramesh Kumar, Nallusamy Sivakumar and Salma al Kindy also participated in the study.

source: http://www.muscatdaily.com / MuscatDaily.com / Home / Muscat Daily Staff Writer / December 30th, 2012

MELANGE : At home in Peelamedu

A taste for community spirit: Saifuddin, the mithai wallah./ Photos: M. Periasamy / The Hindu
A taste for community spirit: Saifuddin, the mithai wallah./ Photos: M. Periasamy / The Hindu

The Dawoodi Bohra Muslim Community, originally from Gujarat, has made Coimbatore its own, yet it retains its distinctive cultural and culinary identity

Evening Namaz has just ended. Men in topis and flowing white kurtas emerge from the mosque. Women in colourful gowns zip through the lanes on their two wheelers. The smell of hot khakras wafts from the nearby sweet shop. Children returning from their evening Arabic and Quran classes, buy savouries from there and run home. The conversation one overhears in a language that sounds like a mix of Urdu, Gujarati and Persian. It is called Lisanud-Dawat. Sound of laughter comes out of a home. The Burhani colony of Coimbatore in Peelamedu wakes up to its night life.

“Many of us have settled here for generations since the time of our great grandfathers,” says Alifiya M Mamoowala who has volunteered to be my guide for the day. “There are around 392 families here. And, we have become a part of this city.”

Topis worn by Bohra men./ The Hindu
Topis worn by Bohra men./ The Hindu

At the same time we hold onto our tradition,” adds Feroz Y Dak, as he leads me to the office of Aamil Saheb, the community’s religious and administrative head.Aamil Saheb hails from Madhya Pradesh and has been holding this office for the last two years. “The community settled in Coimbatore in the early 1930s. We originate from the Khambat district in Gujarat,” he explains. And they believe they must abide by the law of the land where they live, says Aamil. “I am learning Tamil. And, my children go to a Tamil medium school,” he smiles.

Next, I visit the burhani mithai stall, where Saifuddin Bhai Ahmedabadwala fries hot mathris. His shelves are laden with laarvas, a typical burhani laddoo made of besan and stuffed with raisins. His sweet puris drip sugar syrup and I am told they are a must during Shab-e-barat. But Saifuddin’s road to fame is his gulab jamuns, made with khoya. “Even the locals love it,” he says with pride.

I meet another Saifuddin who is head chef at the Community Food Hall. “I have worked across India I have learnt other recipes by working with the local chefs.” “At the Community Food Hall they prepare free dinners for all the houses in the colony. This is one way of making sure that the ladies of the community get some free time to do what they want,” says Feroz.

The food hall./ The Hindu
The food hall./ The Hindu

“Looks like it is biryani today,” says Feroz as we sniff appreciatively. Inside, there are huge davaras of chicken biryani. Hundreds of tiffin boxes are neatly arranged on the floor. They will be despatched along with rose lassi and raitha. “Each tiffin box carries a number allocated to a house. So, no one uses the vessel used by the others,” says Feroz. Residents can either collect their tiffin boxes at the hall or get them delivered at their door steps. As dusk falls, lights pop on in the kitchens. At Alifiya’s house, Gulshan Y Mamoowala has whipped up a grand meal. As soon as we enter, she welcomes us with a bowl of crystal sugar. “That’s the bohra custom of welcoming the guests with a sweet note,” says Yunus Bhai Mamoowala, her husband. Gulshan’s lemon yellow skirt and a blouse that she wears with a pretty shawl is called jori. “We wear these inside the house. The burqas are called ridas and are worn outside,” says Alifiya.

“Ridas and joris have become a big style statement,” adds Munira Gheewala, who has dropped in to apply mehendi on Alifiya’s daughter’s hands. “During weddings women wear ridas with zardozis and elaborate embroidery, floral panelling and tatting.” Bohra weddings are grand, says Munira. “We apply mehendi on the entire arm of the bride! Our designs are mostly Arabic motifs, featuring creepers and flowers.”

ThaalMPOs26apr2014

Conversation ceases as Gulshan brings the huge thaal and places it on a stool. The entire family sits around the thaal. “The whole point is to drive home the message of togetherness,” says Feroz. “This strengthens our bond.”

The first thing I am offered is a pinch of salt! “It opens your taste-buds,” says Gulshan. And in bohra cuisine, desserts come first, says Alifiya. Sodena (sweet rice and badam) and Shir khurma, (something like semiya payasam) kick start the fare. The main course has a shoulder of lamb hot from the tandoor, dal chawal palidu and rotis with khichda (haleem). “The signature dish in a burhani cusine is the simple dal, rice and palidu combination. Palidu is a little like rasam. It is cooked with tuvar dal stock, drum stick and regular spices,” explains Gulshan.

We round off the sumptuous meal with sweet paan. As we sit back on the cushions, Yunus shows me the pictures of their ancestral home at Sidhpur, Gujarat. Magnificent havelis, with a dozen windows, mark the bohra colony. “All the traders used to live here. Each house is built close to each other to create community spirit,” says Yunus. “Our family came to Coimbatore 25 years ago to set up business here. We still go back there once in a year,” says Yunus.

As I bid farewell to the Mamoowala family, Gulshan sprays attar on my hands and tells me to rub it on my clothes. “This is for you to always remember the beautiful memories of the evening you spent with us,” she says.

I smell my hand again and smile as the fragrance recreates in my mind the lanes of Sidhpur and its airy havelis.

source: http://www.thehindu.com / The Hindu / Home> Features> MetroPlus> Melanage / by Parshathy J. Nath / Coimbatore – April 25th, 2014

I am… S. Amjad Ibrahim – Watch and spectacles seller/repairer

S. Amjad Ibrahim says sometimes business is dull and sometimes there is no business at all. / by Special Arrangement / The Hindu
S. Amjad Ibrahim says sometimes business is dull and sometimes there is no business at all. / by Special Arrangement / The Hindu

On some days, I earn around Rs.150-200. Sometimes, there’s no business at all. Then I just sit here and watch the world go by until it is time to go home

It’s just been a few months since I set up my mobile stall here; before this I was selling agarbatti (incense sticks) and attar (fragrant essential oil used in perfumes). I also offer lucky birthstones and sunglasses for two-wheeler users.

Customers can both buy watches and get them repaired by me.

Usually it’s nothing more than a battery change. But watches stop working when they get wet. The water cuts off the battery wire within and also rusts the metallic buttons.

Most of the parts are electronic these days, so they can be replaced piecemeal without damaging the entire watch.

It takes me around 20-30 minutes to repair a watch. And there are days when a watch refuses to work despite all the time I spend on it – I put it away and return to it after a break.

I usually charge Rs. 10 or 20 for watch-repair. Of late I have taken to selling spectacle frames as well.

Shops charge in the hundreds of rupees for a single frame – I buy cheap frames and used ones as well, and sell them for around Rs.20-30 to people who cannot afford the pricey ones.

I push my cart from home, around 2 kilometres away and reach here (Bharatidasan Salai) by 10 a.m.

The traffic policemen often complain about vendors like us being in the way – but as you can see, I’m just minding my own business without troubling anyone.

There’s no breakfast, just a cup of tea at home. For lunch, I usually have a serving of ‘kool’ (porridge) from the stall nearby. It keeps me full until sunset, when I pack up my cart and push it back home in time for dinner. It’s good exercise for me.

On some days, I earn around Rs.150-200. Sometimes, there’s no business at all. Then I just sit here and watch the world go by until it is time to go home. I have six grown-up children, three sons and three daughters.

Most of the watch spares are easily available in Singarathope – you have to ask for ‘China movement’. I’ve spent roughly Rs. 6000 on my stock; I do hope I’ll be able to earn a profit soon.

I’ve dabbled with many other jobs and businesses before – I used to own a grocery store once, but had to close it down because I couldn’t manage it alone.

It’s important to keep earning something, no matter how old you are.

source: http://www.thehindu.com / The Hindu / Home> Features> MetroPlus> Society / by Nahla Nainar / Tiruchrapalli – April 11th, 2014

Indian scientist gets Order of Merit from German government

Hyderabad :

Eminent Indian scientist Prof Seyed E Hasnain has bagged the Cross of the Order of Merit of the Republic of Germany. He served as the founder-director of Centre for DNA Fingerprinting and Diagnostics (CDFD) and vice-chancellor of University of Hyderabad.

The award has conferred on Prof Hasnain in recognition of his contribution to Indo-German relations. The Order of Merit of the Federal Republic of Germany was instituted in 1951 by Federal President Theodor Heuss. It is the only honour that is awarded in all fields of endeavour and is the highest tribute the Federal Republic of Germany can pay to individuals for services to the nation.

German Ambassador to India, H E Michael Steiner, conferred the prestigious ‘Bundesverdienstkreuz’ on Prof. Seyed Hasnain at the German Embassy in India, says a statement from the University of Hyderabad on Thursday. Prof. Hasnain is a renowned microbiologist especially acclaimed for his path-breaking research on tuberculosis. He paved the way for the office of the German Research Foundation in India, which is one of the key forums for scientific cooperation between Germany and India. During his stay at the Robert Koch-Institute in Berlin and the University of Wurzburg, he produced remarkable research results in microbiology.

Prof. Hasnain has almost all major Indian Science Awards to his credit: GD Birla Award, Shanti Swarup Bhatnagar Prize, FICCI Award, J.C. Bose National Fellow Award, Ranbaxy Research Award, Goyal Award, Bhasin Award and several others. He is the first Indian elected member of the German National Academy of Sciences Leopoldina and one of the youngest to be elected Fellow of TWAS, Trieste, Italy. Internationally, Prof. Hasnain is a recipient of the prestigious Humboldt Research Prize, awarded by the Alexander-von-Humboldt Foundation, Germany; as well as the very exclusive Robert Koch Fellowship, of the Robert Koch Institute, Berlin.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Hyderabad / by Syed Akbar, TNN / March 13th, 2014

India-born British ‘curry queen’ hunts for new backers

London :

An India-born British ‘curry queen’ who made her name supplying ready-made Indian meals to supermarkets and pubs in the UK is looking for new backers for her food empire.

Perween Warsi, who moved to the UK from India in the 1970s, wants to expand her S&A Foods firm with an injection of fresh funds.

Advisers from PriceWaterhouseCoopers firm have been hired to lead the search for the company, she set up nearly 30 years ago, from her kitchen, according to the Sunday Times.

The Derby-based caterer, which has 600 staff, makes Indian curry dishes for UK supermarkets including the chain Asda, its biggest customer.

Sales last year were 51 million pounds with pre-tax profits of almost £700,000.

Warsi was famously inspired to start the company after being appalled by the quality of a samosa she had bought from a supermarket.

She founded S&A Foods in 1986 by supplying her local Indian takeaway and the following year had her big break after persuading several large grocery chains to include her food in a series of taste tests.

Warsi was producing the curries from home but, after beating several established food manufacturers in the tests, was persuaded to open a factory.

She was honoured with a Commander of the Order of the British Empire (CBE) in 2002.

S&A Foods confirmed it was “seeking partners” to fund future expansion and new production facilities.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> NRI> Other News / by PTI / March 09th, 2014

She brought ‘ghararas’ to Ludhiana

In this town of good taste and high living, women score high on the trend-o-meter. Fashionistas, dance divas, art connoisseurs, bloggers or activists, the ladies don their hats with consummate ease. When it comes to their homes, they keep it both chic and regal. Whether it’s designer cutlery they’re picking or a Louis Vuitton  they’re packing,  Ludhiana’s women make both seem effortless. Every Wednesday, TOI traces these euphoric raconteur women as they share interesting tales…

The tiny little board announcing ‘Naurah’ (flower in Arabic) welcomes city’s shopaholics to this designer wear store. Tucked away in a Sarabha Nagar neighbourhood, this place is no less than a fascinating world of floristry.

The banter inside the charming store is a cinch to transport the womenfolk back to the 1980’s Doordarshan days.

Geti  Kidwai, the dynamic young owner of the boutique, is mobbed by the frenzied girls as she greets each with a wall of chatter and a display of unusual bridal wear. With apair of “karan phool” in her ears, she unwittingly reminds one of a diva news presenter from India’s first public service broadcaster.

“Yes yes… we make ‘ghararas’ here. The one that royal women in Lucknow wear. The one that have ‘zari’ and ‘zardosi’ work. Royal blue, pink, purple… all for your princess. And yes, the iconic newsreader Salma Sultanji is my mother-in-law,” she tells them, speaking breathlessly and with enormous liveliness in her voice.

Geti, who moved to Ludhiana along with her husband Saad in 2007, is credited to have brought a breath of fresh air to designer circles of this fashionable city. Four years ago, she had set a new trend by using ‘ghararas’ with their short, mid-thigh length and a pair of wide-legged pants as the trousseau wear for Ludhiana’s beautiful women. The outfit became an instant hit among the affluent and urbane women of the town. And, Geti developed her own fan following from a closed cohort of women looking up to her as their fashion icon, much like her mother-in-law.

If one were to measure Sarabha Nagar outlet ‘Naurah’ on a style-o-meter, the results will please its owner Geti Kidwai no end. High on vintage and also on modern twists to outfits, the place is all about the 21st century woman’s take on trousseau and bridal wear. And Geti, much like her mother-in-law Salma Sultan — a popular presenter on Doordarshan, has a style of her own.

“Style icons… bhai kuch aisa karo ki log kahe aapko dekha kya cheez hain aap bhi koi tareekhi cheez hain..,” she grins, recollecting a couplet that Salma recited to her. Between 1967 and 1997, Salma Sultan had initiated a trend: of wearing a flower low in her hair and draping the border of her sari around her neck in a modern yet traditional way. It was later picked up by almost all the women newsreaders.

All Geti’s ‘ghararas’ are bespoke and come in different varieties. They are either made of Kimkhav, Jamavar or Banarasi tissues. The embroideries are done using a lot of kundan and jadaau.

From graduating in sociology and fine arts in 1997, through post graduation in interior designing, her journey has been eventful.

There are traces of effusive child-like prattling when she talks about her venturing into modelling and choreography that even drew mild ire of her father.

“Shauk bahut tha na har cheez mai kudne ka… papa kehte hai are bhai ab ruk bhi jao…” she recollects and then breaks into peels of laughter again.

“He then asked me to step out of modelling and do something which involved… like getting into choreography. But here again, I will jump onto the stage and start moving my legs,” she adds.

Her zest to conquer everything took her to contesting Miss India pageant, ramp shows and even setting up a gourmet shop called Just Kebabs in south Delhi. “Kakori… tikka… bharra… you could get all of that there… ab Lucknow se hai toh khaane ka shauq toh rakhenge,” she quips.

There is no economisation of smiles on her face. Every long sentence must ensure a belly laugh for she tells you hilarious incidents, some in Urdu and others in English – both impeccable.

“Ab yeh bhi nahi ki hum bilkul hoosh hai (not that I am an ill-mannered garrulous talker)… gappe lagane mai maza aata hai,” she points out.

When fulfilling her professional duties, she is punctilious and spick and span.

“I like dressing up girls, telling them how to comport at their or other’s weddings, how to carry a clutch bag, eye contact…” she goes on.

Her kids — son Samar, 12 and daughter Mehar, 7 — have begun idealizing her. Samar has been focusing on his chess classes and Mehar has taken up choreography. “Dangayee bachche nahi hai… I tell them shareef hona theek hai… but dumb mat hona… thoda mischievious toh hona chahiye,” she laughs.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Ludhiana /  by Rohan Dua / July 18th, 2012

HR Khan replaces Gopinath as RBI deputy governor

Mumbai :

Harun Rashid Khan on Monday took charge as the deputy governor of the Reserve Bank of India for a period of three years. He replaces former deputy Shyamala Gopinath, who retired last month, the central bank said in a statement.

As one of the deputy governors at RBI, Mr Khan will look after external investments & operations, government & bank accounts, payment & settlement systems, foreign exchange, internal debt management department, inspection & central security cell.

Prior to this, he has been an executive director at the central bank in charge of DEIO and IDM since 2007. He joined the banking regulator in 1978 after masters in political science from Utkal University. He is a Certified Associate of the Indian Institute of Banking and Finance and also holds a diploma in business management.

An MPhil from JNU, Khan, who spent 32 years with RBI, is said to be mild but sharp. He has worked under former deputy governor Usha Thorat and handled internal debt management cell for several years. He has handled diverse responsibilities in areas of rural credit, currency management, banking supervision and regulation, debt management, reserve management, exchange control, personnel administration and internal accounts of RBI. He has also been associated with a number of internal and external committees, including technology exports, ways and means advances to states and working group on model fiscal responsibility and budget management bill for states, among others.

He also chaired a panel which was involved with rural credit and microfinance and popularly known as the Khan Committee. Khan was also the nominee director of RBI on the boards of  Dena Bank , Bank of Maharashtra , Punjab and Sind Bank, Bank of Rajasthan and Orissa State Finance Corporation.

The other three deputy governors at the central bank are KC Chakrabarty who looks after banking supervision, Subir Gokran in charge of monetary policy department and Anand Sinha in charge of banking operations and development & non-banking supervision.

source: http://www.articles.economictimes.indiatimes.com / The Economic Times / Home> News> News By Company> Corporate Announcements > Central Bank /  ET Bureau – July 05th, 2011

HR Khan

HR Khan,  Dy Governor RBI
HR Khan, Dy Governor
RBI

The government has appointed Harun Rashid Khan a deputy governor of the Reserve Bank of India ( RBI) .

Khan, who gets a three-year term, will monitor the foreign exchange department, payment and settlement systems and external investments and operations, among others.

H R Khan’s deputy governor’s position at the central bank became vacant after Shyamala Gopinath retired on June 20. RBI has four deputy governors. They serve for five years or till the age of 62, whichever is earlier.

Khan was an executive director (ED) at RBI since October 2007. He is credited with evolving the information communication technology-based business correspondent model for financial inclusion. He chaired the RBI internal committee on rural credit and microfinance. Based on the recommendations, RBI had issued guidelines to expand banking outreach through business correspondents.

As an ED, Khan was in charge of the department of external investments and operations, the foreign exchange department and internal debt management, among others.

He joined RBI in 1978, after a Masters in political science from Utkal. University, Bhubaneswar, and an M.Phil from the School of International Studies, Jawaharlal Nehru University, Delhi.

source: http://www.moneycontrol.com / MoneyControl.com> ELITE / Home> Economists> HR Khan

Prachi Desai, Gauhar Khan Turn Showstopper

 

Gauhar Khan (IANS Photo).
Gauhar Khan (IANS Photo).

Actress Prachi Desai and Gauhar Khan turned show-stopper at the Lakme Fashion Week here.

Known for her exotic red carpet creations worn by Bollywood stars, Sonaakshi Raaj presented her collection ‘A Broadway Affair’ on day four of the Lakme Fashion Week Summer/Resort 2014 here.

It was a collection of skirts teamed up with cropped tops, high waist pants with bustier, gowns, pre-stitched draped saris with corsets, lacy blouses, halter gold bustier in shades of white, beige, light blue and tomato red.

Wearing a stunning corset and moulded draped sari, Prachi turned the showstopper for Sonaakshi.

Another designer Ken Ferns created a floral fantasy for his garments through his collection called ‘Secret Garden’.

The silhouettes were utterly feminine with cropped tops, pleated shorts, floppy sleeves for asymmetric tunics, maxi skirts teamed with blouses for women. Men’s wear was a line-up of shorts, printed pants, shirts and muscle sleeved tunics.

He made use of colours like blue, white, turquoise, green, pink and lime green.

Ken had Gauhar, who wore a printed corset with a long pencil skirt seductively slit at the back.

source: http://www.newindianexpress.com / The New Indian Express / Home> Entertainment> Fashion / by Anupika Khare – Mumbai / March 15th, 2014

Mughal Emperors eyes medical tourists from Iraq

The company is promoted by Yakub Habeebudin Tucy, the great grandson of last Mughal Emperor Bahadur Shah Zafar.

Hyderabad-based Mughal Emperors Logistics Private Ltd is reaching out to Iraqi nationals interested in medical tourism in India.

The company, which is promoted by Yakub Habeebudin Tucy, the great grandson of last Mughal Emperor Bahadur Shah Zafar, said it was also looking at Jordan and Palestine.

According to Tucy, the potential medical tourists from Iraq to India is 800-900 every year. While a less severe medical therapy costs around Rs 60,000 in Iraq, in India it costs Rs 15,000-20,000. The cities mostly preferred for therapies are Mumbai, Chennai and Hyderabad.

On average, a medical tourist from Iraq stays for 20-25 days in India, while in some cases it’s around 60 days.

On the total Indians visiting Iraq annually, Tucy said more than 16,000 visit places of religious interest including the shrines of Abdul Qadir Gilani in Baghdad, Imam Hussain in Karbala and Imam Ali in Najaf. Some Indians also throng the ruins of Babylonia on the River Tigris.

Mughal Logistics is ferrying a batch comprising 100-120 individuals every two months to these holyplaces for the Muslim community.

It runs a seven and eight-day package for Indians travelling to Iraq, priced at Rs 65,000 and Rs 75,000 respectively.

source: http://www.business-standard.com / Business Standard / Home> Companies> News / by BS Reporter / Hyderabad – March 05th, 2014